IMARC Group’s latest research report, titled “High Voltage Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” The global high voltage cable market reached a value of US$ 37.24 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 53.34 Billion by 2027, exhibiting a CAGR of 5.15% during 2022-2027. High voltage cable refers to customized wires that consist of conductors and advanced insulations. They are extensively utilized for electric power transmission at high voltages. High voltage cable variants are equipped with structural elements of protective jackets, additional internal layers, one or more conductors, and insulators. They efficiently transmit electricity without any power loss during long-range transmissions. As a result, high voltage cable models find widespread applications across various sectors, such as power utility, mining, oil and gas, paper and pulp, chemical and petrochemical, wastewater treatment, manufacturing, etc.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by installation, voltage type and end user.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for high voltage cable market
- Strategies of major players and product offerings
The growing demand for electricity across countries and the increasing reliance on electronic appliances are among the key factors driving the high voltage cable market. Besides this, the expanding construction industry and the continuous replacements of aging grid infrastructure and transmission lines, on account of the shift towards smart grids, are further catalyzing the market growth. Additionally, the rising construction of new utility grid setups with enhanced transmission and distribution networks, owing to the escalating usage of renewable energy sources, including solar energy and wind energy, is acting as another significant growth-inducing factor. Moreover, the launch of several favorable policies by the government bodies aimed at promoting rural electrification projects and the introduction of advanced technologies in distribution networks are anticipated to propel the high voltage cable market in the coming years.
Key Players Included in Global High Voltage Cable Market Research Report:
- Brugg Kabel AG
- LS Cable & System Ltd
- NKT A/S
- Prysmian Group
- Siemens AG
- Southwire Company LLC
- Sumitomo Electric Industries Ltd.
- TBEA Co. Ltd.
- TELE-FONIKA Kable S.A.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Installation:
Breakup by Voltage Type:
- More than 330kV
Breakup by End User:
- Power Utilities
- Oil and Gas
- Chemical and Petrochemical
- Renewable Energy
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the High Voltage Cable Market Research Report:
- Scope and Methodology
- Executive Summary
- Global High Voltage Cable Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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